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“A number of companies that have come under pressure over the past few months from large institutional investors or activist investors have looked to target an untapped segment for many – retail shareholders,” said Paul DeNicola, managing director of PwC’s Governance Insights Center. “This latest edition of the ProxyPulse report provides new data on the demographic makeup of retail shareholders as companies look to better understand their entire shareholder base.”

Institutional ownership of shares in street name increased to 70 percent from 68 percent for the same period last year

While average shareholder support for directors was 96 percent, 382 directors failed to obtain majority support this season

For say-on-pay, approximately 11 percent of companies did not surpass the 70 percent shareholder threshold this season

“Say-on-pay continues to foster discussion between companies and their shareholders, as there was more direct dialogue between directors and investors about executive compensation,” said Chuck Callan, senior vice president, regulatory affairs, Broadridge. “Yet, the ProxyPulse™ report shows some public companies continue to fall short of important benchmarks for say-on pay-support, ” he concluded.

About ProxyPulse

ProxyPulse is based in part on Broadridge’ s processing of shares held in street name, which accounts for over 80 percent of all shares outstanding of U.S. publicly-listed companies. Shareholder voting trends during a proxy season represent a snapshot in time and may not be predictive of full-year results.

ProxyPulse is a collaboration between Broadridge, the leading provider of investor communications solutions and PwC’s Governance Insights Center, a group that supports directors and investors with governance knowledge. Visit ProxyPulse.com to access the full report.

About PwC US

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you, please visit: www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

About PwC’s Governance Insights Center

PwC’s Governance Insights Centersupports directors and investors with governance knowledge to answer tough questions and tackle complex challenges. Learn from our network of subject-matter experts, business leaders, and experienced peers as they share their insights and the latest thinking on current issues. Beyond governance, we help directors and investors better understand new financial accounting standards so they can make better oversight and investment decisions. The center connects all the dots for a more complete perspective. For more information, please visit: http://www.pwc.com/us/en/governance-insights-center

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR), a $4 billion global fintech leader, provides investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90 percent of public companies and mutual funds in North America, and processes more than $5 trillion in fixed income and equity trades per day. Broadridge employs approximately 10,000 full-time associates in 16 countries.

Broadridge, a global fintech leader with $4 billion in revenue, helps clients get ahead of today’s challenges to capitalize on what’s next with communications, technology, data and analytics solutions that help transform their businesses.